Global Cloud Gaming Market is expected to witness exponential growth of around 60% CAGR over the next 6 years 2022-2028: Ken Research

 Cloud gaming is a process of playing video games in data centers using remote servers. There’s no requirement to download and install games on a console or a PC. Instead, streaming service providers require a stable and smooth internet connection to send gaming information to a browser or an app installed on the recipient's device. The game is mostly played on the remote server, but one can communicate and watch with everything available locally on their device.

According to Ken Research Analysis, the Global Cloud Gaming Market is expected to witness exponential growth of around 60% CAGR over the next six years (2022-2028) and cross ~US$ 20 Bn revenue by 2028.

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• According to GSMA 2019, there were 5.2 billion smartphone connections globally and by 2025 smartphone usage is expected to reach around 80%. Due to this gaming developers are developing more mobile-based games. So that they can earn more revenue from people adopting the usage of smartphones.
• Poor internet connectivity within some countries acts as a major barrier for the cloud gaming market as it requires high-speed internet with proper bandwidth and setting up such a connection might be expensive. So lag in gaming or proper responsiveness of the game while playing might be an issue.
• The pandemic of COVID-19 has substantially accelerated the use of cloud gaming devices and services as due to lockdown restrictions people were mostly locked in their places and cloud gaming did not require any additional hardware and can be played almost on any device turning it into their pass times during lockdown.

Key Trends by Market Segment

By Offering: In the Global Cloud gaming market, the Gaming Platform Services segment is the fastest growing during the forecast period.

• Gaming Platform Services reduce the limitations based on graphics performance, storage requirements, and processing power and provide an amazing gaming experience.
• With the help of Gaming Platform Services gamers don’t have to wait for downloading and installation of the game which provides an added advantage.
• In 2022, Meta launched the game development platform Crayta to Facebook Gaming’s cloud streaming service that lets one build and play games with friends in real time.

By Device: Tablets, PC & Laptops segment holds the largest market share in 2021

• Early acquisition of Tablets, PC & Laptops led to the development of innovative games as gamers were already using PC & tablets from before so it has already captured the market and these devices are expected to still capture the largest market share because devices are constantly updating their configuration for better performance.
• In June 2022, Microsoft launched Xbox Cloud Gaming in New Zealand and Argentina. Ultimate subscribers of XBOX Game Pass can stream more than 100 games to phones, tablets, PCs, and Samsung TVs. Xbox Cloud Gaming is now available in 28 countries and is powered by custom Xbox Series X consoles.

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By Solution: The File Streaming Solution segment of the Global Cloud Gaming Market is expected to have the largest market share during the forecast period

• This technology allows players to have access to the game after downloading a small number of files to their devices. It allows game developers to decrease the cost of media production and send patches to gamers.
• The growth of the File Streaming Segment is mainly due to its ability to perform after downloading a little portion of the file the gamers provide file patches to the developers for reducing the amount of cost of the media item.
• It can be used or played on any kind of device without the help of any technology due to which the latency issue has been reduced to a high level thus enhancing the video streaming while enjoying the game.
• In 2022, NVIDIA Corporation launched an upgraded GeForce RTX 3080 graphics card with 12GB of memory for the fastest frame rates, low latency, and highest resolutions for enhanced video streaming in the Cloud Gaming Market.

By End-user: Hardcore gamers segment of the Global Cloud Gaming market is estimated to account for the largest market share in 2022

• Hardcore gamers play games mostly as a hobby and spend a large amount of money and significant of time on them.
• Another important reason is that improvement in 5G resulting in high speed is leading to more adoption of cloud gaming by Hardcore gamers.
• Driven by the increase of powerful smartphones, there has been a rise of 40% in hardcore gamers in India post-COVID.

The Avid gamers segment is forecasted to be the fastest growing segment from 2022 to 2028

• They mostly depend on Youtube gaming for reviews and as the popularity of video games is increasing, gamers are getting addicted to mobiles for their satisfaction.

By Geography: The North America Cloud Gaming Market is forecasted to be the fastest growing market during 2022-2028.

• Cloud gaming market growth is mainly driven due to an increase in people's inexpensiveness in the region and the region's strong economic foundation, combined with updated technologies.
• Furthermore, free and mobile games are boosting the region's market growth. The high expendable income is driving growth, along with the updated technologies.
• According to NewZoo number of gamers in North America in 2020 was 210 Million.

The Asia-Pacific cloud gaming market is estimated to account for the largest market share in 2022.

• Asia-Pacific is set to be the most appealing market for business expansion for key shareholders across the globe.
• The increasing internet-dependent population, initiatives by the government, and financial growth are a few important market factors that are making Asia-Pacific an emerging market for all kinds of players.
• According to NewZoo number of gamers in Asia pacific in 2020 was 1447 Million.
• According to NewZoo over 55% of the world’s three billion gamers will be from Asia Pacific by 2024.

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Competitive Landscape

The Global Cloud Gaming Market is highly competitive with more than 500 players which include globally diversified players, regional players as well as a large number of country-niche players in the Cloud Gaming market. Most of the country-niche players are start-ups in Cloud Gaming.

The large global players comprise about 10% in terms of the number of competitors followed by country niche players which account for ~65% of the number of the competitors. Most of the country-niche players are start-ups. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.

The Leading Country Niche players such as Parsec Cloud, Inc., Shadow, Rainway, and Ubitus K.K. are highly focused on providing a significant number of Cloud Gaming Solutions.

Recent Developments Related to Major Players

• In 2021, NVIDIA Corporation collaborated with Electronic Arts Inc. by bringing HIT Games to increase GeForce NOW’s gaming platform
• In 2021, Blacknut collaborated with Communications and Entertainment Group NOS to provide a proper gaming experience with the help of 5G across Portugal and also aims to offer around 450+ games over the 5G network.
• In 2021, Tencent launched Level Infinite to deliver high-quality games to a global audience by offering technical and production assistance.
• In 2022, NVIDIA Corporation launched an upgraded GeForce RTX 3080 graphics card with 12GB of memory for the fastest frame rates, low latency, and highest resolutions.
• In 2022, Tencent Games decided to Publish PUBG Mobile and PUBG Mobile Lite under Banner of Level Infinite.

Conclusion

The Global Cloud Gaming Market is forecasted to continue an exponential growth that is witnessed since 2017. It is primarily driven by 5G technology’s low latency capability and the increasing number of gamers across the globe. Though the market is highly competitive with over 500 participants, few global players control the dominant share, and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for market size estimate, forecast, growth, segment share and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within maximum 2 working weeks.

Market Taxonomy

The Global Cloud Gaming Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by Offering, Device Type, Solution, End User and Geography. In addition, the report also covers the market size for each of the four regions of the Global Cloud gaming markets. The revenue used to size and forecast the market for each segment is US$ billion.

By Offering     

• Infrastructure
• Gaming Platform Services

By Device Type            

• Smartphones
• Tablets
• Gaming Consoles
• PCs & Laptops
• Smart TVs
• Head-Mounted Displays

By Solution     

• Video Streaming
• File Streaming

By End User Segment

• Casual Gamers
• Avid Gamers
• Hardcore Gamers

By Geography

• NORTH AMERICA (USA, Canada, Mexico)
• EUROPE (UK, France, Germany, Italy, Spain, Rest of Europe)
• ASIA-PACIFIC (China, India, South Korea, Australia, Indonesia, Japan, Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, Africa)

Iraq E-Commerce Logistics and Warehouse Market is Expected to Gain Momentum by Growth in Online Shopping Platforms along with Introduction of New Technological Advancement: Ken Research

 Iraq E-Commerce Logistics and Warehouse Market is Expected to Gain Momentum by Growth in Online Shopping Platforms along with Introduction of New Technological Advancement: Ken Research

1. E-Com Orders Delivered growing at a robust CAGR with Increasing Number of Online Shoppers & Entrance of Major Retailers in Iraq

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With the aid of developing technology, the market will play a significant role in the sector as applications, AI, and a plethora of other tools such as drones, electric vehicles, automated systems, high-tech security, and effective management systems make the processes for logistics companies and their clients much easier.

2. E-Commerce Market in Iraq generated a Gross Merchandise Value of more than $1 Bn in 2021, owing to the rising Internet and Smart Phone Penetration along with the growing Middle Class Population

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A key element for the country's e-commerce market's continuous growth is the improvement of telecommunications infrastructure, such as the deployment of a 5G network. Aside from Baghdad, businesses are gradually expanding into neighbouring regions like Erbil and Basra. In comparison to 39% of internet users aged 35–45, almost 59% of those aged 18–24 spend more than 5 hours online.

3. E-Commerce Logistics Market expected to grow at a positive CAGR by 2026 basis Revenue largely due to growth in online shopping & entry of new players.

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Iraq E-commerce market expected to grow at double digit CAGR during 2022-2026, reaching more than USD 3 Bn by 2026. Broader product selection, the entry of new players and innovation in business models to further lead the growth. Covid-19 pandemic has positively impacted the e-commerce market in Iraq which will make many more brick-motor retailers to transform their business to Omni-channel retailing in the future. The last mile delivery approach used by e-commerce logistics businesses will be crucial to their future success. Urban deliveries should indeed be accomplished more rapidly provided by mobile depots, which will transport the day's goods from fulfilment facilities to the city centre for last-mile delivery.

With nearly 78% in 2021, Thailand has one of the highest internet penetration amongst ASEAN Countries, coupled with Increasing Social Media Penetration: Ken Research

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Change in Consumption Pattern of Consumers, Government Initiatives and Innovation of Advanced Technologies are major factors contributing towards development of E-Commerce logistics in Thailand.

Increasing Adoption of Electronic Payments: With numerous government-led initiative to boost electronic payments, cash transactions in Thailand fell from current 90% to 50% by mid-2020.Thailand business news also reported that mobile internet banking transactions rules to 33% of payment transaction volume in 2017 from 2010 value of just 8%.

Improved logistics services: Improving logistics has a major influencer for e-com growth in Thailand. The advent of players offering last-mile delivery options has allowed retailers to improve e-com logistics to support growth and scale. The recent improvement in gateway security, along with reliable and free shipping methods, have largely persuaded many buyers to purchase products from outside the region.

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Government Initiatives: Government will collaborate with E-Commerce Logistics Companies to launch crucial platform for logistics businesses, including Material Handling, Packing, Warehousing, Logistics IT & E-Logistics to showcase advanced capabilities, upgraded technologies, & innovations that can better support industrialists & leverage the growing e-commerce market.

Analysts at Ken Research in their latest publication “Thailand E-Commerce Logistics Market Outlook to 2026F- Driven by Change in Consumption Pattern of Consumers, Government Initiatives and Innovation of Advanced Technologies” by Ken Research observed that Thailand E-commerce Logistics Market is in the growing phase. Technology will have a huge role to play in the sector as applications and AI, horde of other devices like drones, electric vehicles, automated systems, high-tech security are some of the factors that will contributed to the Thailand E-commerce Logistics Market growth over the period of 2021-2026F. It is expected that Thailand E-commerce Logistics Market will grow at a CAGR of 9.5% for the above forecasted period.

Key Segments Covered in the report: -

Thailand E-commerce Logistics Market

By Delivery

• Same Day
• Next Day
• Two day

By International and domestic:

• Domestic
• International

By Mode of Payment

• Cash
• Online

By Shipment Weight

• 0 -1 Kg
• Greater than 6 Kg
• 3 – 6 Kg
• 1 – 3 Kg

By Age Distribution

• (17 – 36 Years)
• (37 – 50 Years)
• (51 and above)

By E-Commerce Value

• B2G
• B2B
• B2C

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By Booking Mode

• Online
• Offline

By Product Category

• Mobile & Electronics
• Fashion
• Beauty
• Lifestyle & Hobby
• Health & Wellness
• Home & Living
• Toys
• Mom & Baby
• Automotives
• Sports
• Others

Key Target Audience

• E-Commerce Companies aiming to establish in Thailand
• Thailand E-Commerce logistics industries
• Government Bodies & Regulating Authorities
• E-Commerce Industry
• Logistics industry
• Shipping company
• Warehousing Companies
• E-Commerce users
• Industry Associations

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Period: 2021
• Forecast Period: 2022-2026F

Companies Covered:

• Kerry Express
• Lazada Logistics
• J&T Express
• Flash Express
• Eleven Street
• Tarad
• Weloveshopping
• Look Si

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Key Topics Covered in the Report

Ecosystem of major entities in Thailand e-commerce logistics market

Overview of Thailand logistics infrastructure and dependent market

Market overview & genesis

Logistics business model

Value chain analysis e-commerce logistics

Thailand E-commerce Logistics Market Size, 2019 - 2022

Segmentation by type of shipment and type of company on the basis of revenue

Segmentation by mode of shipment & delivery period on the basis of revenue

Segmentation by modes of payment & type of product on the basis of revenue

Factors influencing partnership decision with logistics provider

Cost component analysis for logistics provider

SWOT analysis of Thailand e-commerce logistics market

Trends & development of Thailand e-commerce logistics market

Growth driver of Thailand e-commerce logistics market

Issues and challenges of Thailand e-commerce and e-commerce logistics market

Government regulations for Thailand e-commerce logistics market

Impact of covid-19 on Thailand e-commerce and e-commerce logistics

Key elements of the recovery phase for companies from pandemic

Cross-comparison of major players in Thailand e-commerce logistics market

Brand awareness

Strength & weakness of major players in Thailand e-commerce logistics market

Future Outlook

Analyst recommendation

For more insights on the market intelligence, refer to the link below: -

Future Outlook of Thailand E-Commerce Logistics Market

Related Reports by Ken Research: -

Germany E-Commerce Logistics Market Outlook to 2026F

Iraq E-Commerce Logistics and Warehousing Market Outlook to 2026F

Global Digital Signage Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global Digital Signage Market is estimated to have grown to a size of nearly ~US$20 billion in 2022 from ~US$15 billion in 2017. The market is expected to grow further to a size of around US$30 Billion by 2028 at a CAGR of around 7% for the forecasted period of 2022-2028, owing to the technological advancements achieved in display tech that make it easier to reach out to the targeted audience in an effective and engrossing way.

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Key Growth Drivers

• The moderately paced yet steady and consistent growth in the digital signage market is majorly attributed to its capacity to reach out to a large audience with a variety of content options, including digital videos, motion pictures, and more. The methods are far more sophisticated than the traditional modes of advertising, equipped with biometrics, and other advanced features, such as gaze tracking and heat paths. Gaze tracking, for instance, helps find insights on a host of crucial consumer behavior parameters, such as viewer attention, interest, arousal, and more, by analyzing human processing of visual information. Essentially, it helps brands make their content more effective for an acutely targeted audience.
• Another factor that has helped the digital signage market to grow is the advancement in display technology. While the major technology components in the market remain LCD, LED, and projection, LED displays, as a standalone category, have advanced a lot with OLED displays, MicroLED displays, and direct-view fine-pixel LED displays. Micro LED displays have gone beyond the capabilities of OLED by removing many of OLED’s inherent drawbacks, such as shorter lifespan, screen burn-in, limited luminosity, etc. Moreover, MicroLEDs support the possibilities of building a more scalable business model by enabling the tiling of smaller modules into a larger display. Not only does this feature help to do away with the requirement for cost-incurring large substrates, but it also helps to segregate the production into multiple geographies. Eventually, it will lead to the emergence of new display makers in new geographies. The direct-view LED display technology products, led by companies like Samsung, have helped introduce video walls with enhanced image quality, deeper contrast ratio, well-balanced color uniformity, and flexible modular design.
• Brands increasingly opting to go for online promotions pose a challenge to the growth potential of the digital signage market. According to the ‘IAB Internet Advertising Revenue Report: Full Year 2021’, Social Media advertising in 2021 was up nearly 40% to US$57.7 billion. The growth was driven by the consumers’ growing engagement with platforms like Facebook, Instagram, Snapchat, TikTok, Twitter, and more. The digital signage market is also susceptible to cyber-attacks, including phishing attacks, ransomware, and malware attacks.
• Like many other industries, the Digital Signage market also suffered from supply-chain disruptions and manufacturing unit shutdowns. Restrictions on travel and public gatherings also hampered growth. However, many new application areas emerged as governments and public health and information broadcasting authorities started using digital signage kiosks and information displays to make people aware of the precautionary measures. Digital Signage hand sanitizer kiosks with automated dispenser systems also proved effective.

Key Trends by Market Segment

By Type:  Video walls accounted for the largest segment of the market, type-wise in 2021. In terms of growth, Transparent LED Screens are expected to grow at the fastest pace, till 2028.

• The present market share of video walls is bolstered by its presence across shopping malls, public gathering places, galleries, and exhibition centers.
• Technological advancements, on the other hand, will drive growth in the transparent LED segment. These are energy-efficient product types with minimal overhead expenditure involved.

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By Component: Component-wise, hardware is estimated to account for the largest segment of the market in 2022. Advancement in display technologies is expected to help this market - going ahead – to retain its dominance.

• A host of advancements are happening in the hardware segment. For instance, the display resolution technology can now handle 1080p, 4K, and 8K displays. It is also possible to host three-dimensional displays without the audience requiring 3D glasses to enjoy them.
• The fine-pitch LED video walls, capable of 4K and HDR display, are ultra-thin and ultra-light. These video walls are conducive to flat and curved surfaces and can be installed through hanging or stacking. Because of being lightweight and thin, these walls are easy and convenient to transport from one place to another.

By Technology: Technology-wise, the LED segment is accounted for the largest revenue share in the market in 2021.

• Advancements in the LED technology segment have been many, including the development of OLED, MicroLED, and direct-view LED displays. Adoption of the LED technology has largely been driven by its high-end display quality and installation-friendly hardware compatibility.
• However, many marketers and advertisers also adopt LCD for its budget-friendly features and low production and set-up cost.

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By Location: The indoor segment is estimated to account for the largest market share of the digital signage market, location-wise in 2022.

• Indoor or in-store locations are more efficient when it comes to reaching out to a targeted audience group through immersive, high-quality displays.
• While the retail sector, including retail shops and shopping malls, is highly adept in deploying digital signage efficiently, banks, corporate offices, and healthcare facilities are also leveraging them for increased traction and seamless delivery of crucial messages and instructions.

By Content Category: Content Category-wise, the Broadcast segment is expected to emerge as the fastest-growing during the forecast period of 2022-2028.

• The broadcast segment comprises a number of sub-segments, such as News, Weather, Sports, and more. Sub-segments like News and Weather are linked with everyday public life and the smooth running of businesses and markets at large.
• However, the field of sports also deploys digital signage for varied purposes, starting from the seamless running of ticket distribution points to advertising the next event. The corporate sector is also fast realizing the benefits of digital signage to drive their vision and policies better.

By Screen Size: In terms of the screen size of the signage, the Below 32 Inches segment is estimated to occupy the largest share of the market. However, the 32 to 52 inches segment is expected to witness the fastest CAGR in the forecast period of 2022-2028.

• The market share of the below 32 inches category stems from the fact that it is convenient to put up in a range of locations. Since the Indoor segment drives the market, smaller installations find wider use at small-sized retail shops.
• However, adoption of the larger screen-size displays is expected to grow owing to their use in the corporate sector, healthcare industry, and transport facilities.

By Application: The Entertainment segment is estimated to account for the largest share of the market in 2022. However, many other application segments, including Healthcare and Retail are also expected to emerge as significant stakeholders in the industry.

• The advancement in technology, especially those achieved in display clarity and immersive quality, is aiding the rise of digital signage. Entertainment industry players are finding the use of these products to be increasingly in their favor as they do not need to compromise the quality of their output.

By Region: Region-wise, North America is estimated to account for the largest share of the market in 2022. However, during the forecast period of 2022-2028, The North American region is expected to account for the largest share as it has a well-formed supply chain of digital signage providers, backed by continuous innovations in the electronics and semiconductor industry.

• Awareness about the efficient use of digital signage is increasing in the Asia Pacific market. Growth in the retail industry, travel, and hospitality sectors is also leading to increased adoption, especially in two of the largest consumer economies of India and China.

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Competitive Landscape

The Global Digital Signage market is extremely competitive comprising nearly 1,000 players, including globally diversified players, regional players, and country-niche players having expertise in addressing specific display and installation needs relating to one or multiple specific sub-segments.

Large global players constitute ~5% of the market in terms of the number of competitors, while regional players hold the largest share. Some of the major players in the market include ADFLOW Networks, BrightSign LLC, Cisco Systems, Inc., Intel Corp, LG Electronics, NEC Display Solutions, Omnivex Corporation, Panasonic Corporation, Samsung, Scala Digital Signage, etc.

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Recent Developments Related to Major Players

• In the second week of September 2022, Samsung Electronics Co., Ltd. launched two new series of The Wall at the Samsung Display Tech Summit 2022. The launch was in the Southeast Asia and Oceania (SEAO) Region. The Wall series of products comprise Samsung’s advanced Micro LED solutions. Samsung believes its MicroLED technology will offer an efficient and immersive viewing experience in a high-resolution, large-screen format.
• In June 2022, LG Business Solutions USA launched 54-inch bezel-free LED Bloc displays. These displays come with no dividing lines. The LSAC series direct-view LED (dvLED) helps integrate and leverage existing VESA mounting hardware from previous LCD installations.

Conclusion

The Global Digital Signage market is expected to grow at a steady pace during the forecast period. Multiple factors will drive growth in this segment, including its targeting efficiency and the ability to generate actionable insights about consumer behavior. Technological advancements happening in the industry will also help it capture new markets, especially in application segments relating to healthcare, retail, and travel. The market is extremely competitive with ~1000 players but is dominated by country-niche players.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Digital Signage Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers the size and forecasts for the four major regions of the market. The revenue used to size and forecast the market for each segment is USD billion.

Market Taxonomy

By Type	Video Walls Video Screens Transparent LED Screens Digital Posters Kiosks Others
By Component	Hardware Software Services
By Technology	LCD LED Projection
By Location	Indoor Outdoor
By Content Category	Broadcast Non-Broadcast
By Screen Size	Below 32 inches 32 to 52 Inches More than 52 Inches
By Application	Retail Hospitality Entertainment Stadiums & Playgrounds Corporate Banking Healthcare Education Transport Others
By Region	North America USA Canada Mexico Europe Germany UK France Spain Italy Rest of Europe Asia Pacific China Japan South Korea Indonesia AustraliaRest of Asia Pacific LAMEA Latin America Middle East  Africa
Key Players	ADFLOW Networks BrightSign LLC Cisco Systems, Inc. Intel Corp LG Electronics NEC Display Solutions Omnivex Corp. Panasonic Corp. Samsung Scala Digital Signage

Global Chipless Radio Frequency Identification Market is expected to reach US$ 6 Bn by 2028: Ken Research

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A chipless RFID is a form of RFID tag that transmits data using radiofrequency (RF) radiation. A chipless RFID tag does not contain an application-specific integrated circuit (ASIC), hence the reader performs all signal processing to read the tags. It uses conductive polymers or plastic as an alternative to integrated circuits made from silicon.

Chipless Radio Frequency Identification (RFID) is used for access controls, automatic identifications, security and surveillance, tracking, database management, logistics, and inventory control in various industries like retail, healthcare, logistics, and transport among others.

According to Ken Research analysis, the Global Chipless Radio Frequency Identification Market is expected to grow at a CAGR of 25% over the next six years (2022-2028) owing to high precision and advanced features for banking, healthcare, retail, and logistic industries. Furthermore, chipless RFID technology offers a wide number of characteristics at a lower price than conventional RFIDs, such as exceptional read/write capabilities, automation, and the ability to individually identify each asset or item. The market size is estimated to be US$ 2 Bn in 2022. It is further found in Ken Research’s study that the market size is expected to reach US$ 6 Bn by 2028.

The growing need for high accuracy and advanced features in RFID technology for banking, healthcare, retail and logistic industries, among other verticals is expected to propel the growth of the chipless radio frequency identification market. Moreover, the low cost of Chipless RFID tags over traditional RFID tags further accelerates the market growth.

• Manufacturing of a chipless RFID tagis relatively inexpensive as it does not require a silicon chip or batteries inside the tag for tracking of product which reduces the hassle of maintenance and prices of these tags.
• According to a report published by the Institute of Electrical and Electronics Engineers (IEEE) International Symposium, a silicon chip-based RFID tag costs US$ 0.10-0.05 per tag whereas a chipless RFID tag costs about US$ 0.01 per tag. It was observed that the cost of tagging 75 billion products using silicon chip-based RFID tags could cost around US$ 3.75 Bn whereas the cost of tagging the same amount of products with chipless RFID cost about US$ 0.75 Bn. Therefore, by using chipless RFID, product tagging can be 80% cheaper than chip-based RFID tags. The below chart depicts the cost comparison between chipless RFID and chip-based RFID tags.

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• Information breach is a major challenge faced by the end-users in the Global Chipless Radio Frequency Identification Market. Additionally, the issues concerning data storage and utilization from a database are expected to hinder market growth.
• Despite all of its benefits, chipless radio frequency identification has an increased risk of a data breach as it lacks a locking system or security passcode. Owing to the risk of data breaches involving the use of medications and their composition, many businesses in the healthcare and other sectors avoid using chipless RFID tags for asset tracking. During the forecast period, this factor is expected to hamper the seamless growth of the market.
• According to a report shared by the Identity Theft Resource Center, in 2022, the security breach incidents in the USA reached 1862 breaches in 2021, which is almost 68% more than that of 2020. These security breaches involved a significant number of chipless RFID-based situations.
• The outburst of the COVID-19 pandemic harmed the Chipless Radio Frequency Identification Market. Supply chain disruption was among the significant issues which led to reduced component manufacturing, component shortages, shipping delays, and restrictions. Additionally, in areas with high infection rates, operations had shut down entirely leading to largescale manufacturing interruptions across Europe and China which hindered the demand for chipless RFID. Restrictions on travel during the COVID-19 pandemic period resulted in a low deployment rate of RFID tags on vehicles for electronic toll collection. Moreover, low footfall in retail stores also reduced the need for product tagging on new stocks.
• As of October 2020, the reduction in auto demand reached 2.52 million below 2019 levels in North America while the output from the USA automotive industry was roughly 4,300 units in April 2020. As fewer vehicles were sold, it hindered the seamless growth of the chipless RFID market for tagging in the toll collection segment.

Key Trends by Market Segment

By Component Type: The chipless radio frequency identification tag segment dominated the Global Chipless Radio Frequency Identification Market by component type in 2021 and is expected to continue being the dominant segment during the forecast period.

• Chipless RFID tags can be instantly recognized by RFID readers and their data compared within the system database thus, it gives excellent accuracy while minimizing human mistakes and effort. Additionally, chipless RFID tags are cost efficient than chip-based RFID tags.
• In August 2018, the UC San Diego Jacobs School of Engineering and the Center for Wireless Communications at UC San Diego announced their chipless ID technology. The chipless RFID technology released by them is in the form of metal tags made from copper foil printed on thin, flexible substrates, like paper that can reflect Wi-Fi signals. The below chart depicts the revenue share of segments by component type.

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By Frequency: The ultra-high-frequency segment dominated the Global Chipless Radio Frequency Identification market in 2021 and is expected to continue being the dominant segment during the forecast period.

• As these are widely used in electronic toll collection and parking access control, the ultra-high frequency segment holds a higher adoption rate over other frequency types market.
• To support the growth of the road network, Turkey’s Ministry of Transport and Infrastructure has implemented over 600 high-performance passive ultrahigh-frequency RFID technology for toll collection, as of 2020.

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By Application: The Smart Card segment is the highest contributor to the Global Chipless Radio Frequency Identification market by application in 2021

• The characteristics of a smart card include its low cost, secure data, tracking, flexibility, and ease of use that helps fuel its demand in various end-user sectors including healthcare, banking, entertainment, transportation, access control, and government among others.
• The city of Toronto and surrounding municipalities have introduced a transit payment system, called Presto (an RFID smart card), based on ISO 14443, for payment and access to all transit systems in the area. This allows travelers to move seamlessly between trains, light rail, metro, and buses within Toronto and the greater area using one single, contactless ticketing solution. The below chart depicts the revenue share of segments by application type.

By End-user: The Retail segment is expected to be the fastest growing segment in the Global Chipless Radio Frequency Identification market during the forecast period.

• Retailers and customers use chipless RFID to identify, transact, engage, locate, and authenticate their assets and staff quickly and efficiently. The chipless RFID allows minimum contact and supervision which helps the retail stores in automating their facilities and manage their operations wirelessly. This has created a greater demand for chipless RFID in retail stores that earlier used to witness huge operational gaps in manual operations.
• In April 2021, Avery Dennison signed a partnership agreement with Target Corporation, an American retail corporation, to deploy RFID technology in more than 1,600 stores to assist Target Corporation in maximizing inventory availability and providing an improved customer experience.

By Regions: North America accounted for the largest market share in 2021 among all regions within the Global Chipless Radio Frequency Identification Market. On the other hand, the Asia Pacific region is expected to record a higher growth rate during the forecast period owing to the adoption of new technologies and advancements in the healthcare, retail, and manufacturing sectors.

• Most of the large companies in the retail, healthcare, and logistic sector in the North American region is transitioning to implement automated item identification systems for supply chain management to improve the efficacy of inventory allocation. Additionally, the growing demand for RFID technology in the healthcare sector, to avoid drug counterfeiting and product tracking is propelling the growth of the market in the region
• In North America, major retailers like Walmart succeeded in adopting the chipless RFID technology found a reduction in out-of-stock and the bullwhip effect, and manual orders that resulted in excess inventory stock-up, improved service levels, and reduced administration.

Competitive Landscape

• The Global Chipless Radio Frequency Identification Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players.
• Large global players control the majority share of the market in terms of revenue, while regional players hold the second largest share. Some of the major players in the market include Alien Technology, Applied Wireless, Inc., Avery Dennison Corporation, Checkpoint Systems, Inc., Honeywell International Inc, iDTRONIC GmbH, Impinj Inc., Invengo Technology Pte. Ltd., Zebra Technologies Corporation, NXP Semiconductors N.V., Ensurge Micropower ASA, Sato Vicinity pty Ltd among others.
• The leading global companies such as Zebra Technologies Corporation, Avery Dennison Corporation, and Alien Technology highly focus on acquisition and partnership to increase their market presence. Additionally, these companies constantly develop their existing products and provide advanced chipless RFID solutions that can be used across the globe in various end-use applications.

Recent Developments Related to Major Players

• In June 2020, Zebra Technologies Corporation, a provider of digital solutions, hardware, and software, collaborated with Maikubo Artificial Intelligence (AI) Academy. Under this collaboration, Maikubo implemented the RFID solutions of Zebra Technologies to attain a faster, more accurate asset tagging and management of its training equipment. The solution saved staff time, enhanced accuracy and visibility as well as enhanced staff efficiency.
• In March 2020, Avery Dennison Corporation, a manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels, tags, and RFID inlays, acquired Smartrac’s Transponder business. Smartrac is a manufacturer of high-security RFID inlays. Under this acquisition, the company aimed to develop a platform that offers long-term growth and profitability, with powerful research and development capabilities, an extended product portfolio, and added manufacturing capacity. The capabilities of Smartrac helped Avery to continue its delivery of this vision to various segments.
• In April 2019, Alien Technology, a quality supplier of RFID technologies and products, introduced the Higgs-9 IC, the first release of its next generation of Higgs RFID semiconductor integrated circuits. Higgs-9 enables enterprise-critical applications to run faster, smarter, and with quicker ROI in RFID deployments.

Conclusion

The Global Chipless Radio Frequency Identification Market is forecasted to continue exponential growth, which is primarily driven by the need for high precision and advanced feature in the banking, healthcare, retail, and logistic industries. The market size is estimated to be US$ 2 Bn by 2022 and is expected to reach US$ 6 Bn by 2028 growing with a CAGR of 25%. North America is the dominant region in terms of revenue generation; however, the Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~200 participants, few global players control the dominant share while regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled Global Chipless Radio Frequency Identification Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 That is segmented by Component type, frequency, application, and end-user. In addition, the report also covers market size and forecasts for the world’s major regions' Chipless Radio Frequency Identification Markets. The revenue used to size and forecast the market for each segment is US$ Billion.

Market Taxonomy

By Component Type

Tag

Reader

Middleware

By Frequency

Low

High

Ultra-High

By Application

Smart Card

Smart Ticket

Other

By End-User

Retail

Logistic & Transport

Healthcare

BFSI

Others

By Geography

North America

USA

Canada

Mexico

Europe

Germany

UK

France

Spain

Italy

Asia Pacific

China

Japan

India

LAMEA

Latin America

Middle East

Africa

Global Polyamide Market is expected to reach USD 50 bn by 2028: Ken Research

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The global polyamide market is expected to record a positive CAGR of ~6% during the forecast period (2022-2028) and is expected to reach ~US$ 50 billion by 2028.

The rising demand for polyamide as a substitute for metals to reduce weight is boosting the demand for polyamide in various end-user industries like electronics & electrical, automotive, consumer goods & appliances, and various other sectors.

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Key Growth Drivers

• The global polyamide market is largely driven by an increase in demand from the construction and coating industries, growing demand from other end-use industries, and the waterproof characteristics of polyamide.
• Polyamide is being increasingly adopted in different industries for its waterproof nature and ability to withstand moisture. Waterproof polyamide textiles are being used by several industries to create various goods. Due to its waterproof qualities, it is frequently used to produce athletic and outdoor clothes.
• During the projected period, increasing demand for sports apparel, home textile materials, ropes, narrow woven materials, swimsuits, backpacks, and hiking apparel is anticipated to fuel the demand for polyamides.
• Increasing demand for substitute products and volatile raw material prices limits the market growth.
• The increasing threat from substitute products like polypropylene and polyvinylidene fluoride (PVDF), is anticipated to slow the rate of expansion of the global polyamide market. When compared to its counterpart, PVDF is a non-reactive thermoplastic that possesses finer qualities.
• Conversely, polyamide has a lesser degree of elasticity, a higher degree of wear resistance, a tougher surface, and a higher degree of UV resistance. In contrast, polypropylene is easier to handle and has higher elasticity, tensile strength, and smoothness, along with a lower elongation percentage. In recent years, PVF is significantly being used as a replacement for polyamide fishing lines.
• Due to supply chain disruptions and nationwide lockdowns, the COVID-19 pandemic hindered the growth of the worldwide polyamide market. As production prices increased as fewer workforces were employed as a result of the pandemic and expanding limitations on the general population, demand for PA6 and PA66 decreased. The consumer goods industries were impacted by a fragmented transportation industry due to a significant demand-supply cycle.
• However, with time, businesses started investing in developing regions, changing the market's competitive landscape, and investments were made in the R&D divisions to enhance the product line.

Key Trends by Market Segment

By Product: The Polyamide 6 product segment held the largest share of the Global Polyamide Market in 2021.

• PA 6's special qualities make it a suitable product substitution for materials like bronze, gunmetal, steel, brass, aluminum, and plastics, among others. The producers of electrical protection devices are promoting segmental expansion.

During the projection period, the demand for polyamide 6 is also estimated to rise as a result of the incorporation of PA 6 for its tensile strength. It is adopted in the premium carpet industry, fishing nets, and travel accessories. To make automobiles lighter and more fuel-efficient, polyamide is used to replace metal parts.

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By Application: Automotive application segment held the largest market share in the Global Polyamide Market in 2021.

• The increased use of polyamide in place of metal in the automobile industry to create the interior, structural, and technical parts of vehicles can be attributed to the growing demand for polyamide in the industry.

The production of cooling systems, rock valve covers, air intake manifolds, airbag canisters, and structural elements made of glass-reinforced plastic based on polyamides is a significant driver driving the market's expansion.

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By Geography: The Asia Pacific accounted for the largest market share in 2021 within the total Global Polyamide Market.

• The automotive sector has rapidly expanded in recent years, particularly in the Asia Pacific region. The sector has grown as a result of changing socioeconomic patterns.

Major corporations are moving their developed bases to nations like India, China, and Indonesia due to the availability of cheap labor, beneficial regulations, and government efforts to give attractive FDI legislation.

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Competitive Landscape

The Global Polyamide Market is highly competitive with ~400 players which include globally diversified players, regional players as well as a large number of country-niche players.

Country niche players constitute 60% of the competitors, followed by regional players with 35% of the market presence. Some of the major players in the market include Honeywell International Inc., BASF SE, Evonik Industries AG, DuPont de Nemours Inc., Teijin Limited, LANXESS AG, Invista, Formosa Plastics Group, Koninklijke DSM NV, Domo Chemicals GmbH, Mitsubishi Chemical Holdings, and others.

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Recent Developments Related to Major Players

• In October 2022, Evonik Industries AG expanded its sustainable elastomer line with the launch of a new polyamide 12 (PEBA) elastomer made 50% from recycled tires. Vestamid eCO E40 substitutes 50% of its fossil source ingredients with "materials produced via chemical recycling of old tires."
• In January 2022, Domo Chemicals, a polyamide industry supplier, expanded the market presence of its TECHNYL branded products and has made the products available to its customers globally. Major applications being served by the brand includes light engineering solutions, high thermal and chemical resistance, flame retardant materials for advanced electrical protection, and high aesthetic materials with add-on solutions for friction & extrusion and wear resistance.
• In November 2021, BASF launched a research and development facility at Korea’s Engineering Plastics Innovation Center, Ansan. In addition to other new abilities and a Consumer Electronics Competency Center, the new building contains the combined R&D team and competencies from its recent acquisition of Solvay's polyamide business.

Conclusion

The Global Polyamide Market is forecasted to continue a positive growth during the forecast period. One of the main trends driving market expansion is the high adoption rate of polyamide in various industries due to its properties like strong mechanical qualities, wear resistance, chemical resistance, and low gas permeability along with natural polyamide’s eco-friendly nature. The market is highly competitive with ~400 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Polyamide Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four major regions’ polyamide market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product	Polyamide 6 Polyamide 66 Bio-based Polyamide Specialty Polyamide Others
By Application	Engineering Plastics Textiles Electronics and Electrical Sports Equipment Automotive Consumer Goods & Appliances Others
By Geography	North America USA Canada Mexico Europe Germany UK France Spain Italy Rest of Europe Asia Pacific China Japan South Korea India Indonesia AustraliaRest of Asia Pacific LAMEA Latin America Middle East Africa
Key Players	Honeywell International Inc. BASF SE Evonik Industries AG DuPont de Nemours Inc. Teijin Limited LANXESS AG Invista Solvay SA Koninklijke DSM NV Domo Chemicals GmbH Mitsubishi Chemical Holdings

Global Hand Dryers Market is expected to record a positive CAGR of 8% and reach US$ 1.5 Bn revenues by 2028: Ken Research

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A hand dryer is an electrical equipment/machine for drying hands after they have been washed. Several hand dryers are typically comprised of an apparatus with a downward-facing vent into which wet hands are inserted, while others feature an opening through which hands can be inserted to dry from both sides. Furthermore, they are commonly used in public restrooms in office buildings, restaurants, schools, and medical facilities in place of paper towel dispensers. They use air streams to dry hands faster and more thoroughly than paper towels, reducing daily waste and eliminating maintenance costs.

The Global Hand Dryers Market is expected to record a positive CAGR of ~8% during the forecast period (2022-2028) and reach ~US$ 1.5 Bn revenues by 2028, due to the increasing individual awareness regarding health and hygiene, following the outbreak of the Covid-19 pandemic in 2020. In addition, the pandemic has shifted individuals’ preferences for maintaining a sanitation and hygiene lifestyle and prioritizing hand hygiene, which, taken in conjunction with rapid urbanization, has increased the market for hand dryers.

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• The increasing technological advancement and adaptation of products that are energy-intensive, environmentally sustainable, and pollutant-free is becoming a global priority, especially in the ongoing COVID-19 pandemic. This is boosting the demand for hand dryers worldwide to prevent the spread of the virus.
• For instance, the survey of US adults assessed self-reported hand drying practices in public restrooms, conducted by the National Library of Medicine (NLM), operated by the US federal government, discovered an increased preference for using electric hand dryers and a decreased preference for using paper towels during the COVID-19 pandemic compared to before. Preference for hand drying techniques after disinfecting in a public restroom increased by 36.9% during the covid-19 pandemic, compared to 31.4% before the covid-19 pandemic.
• Rising government initiatives and inclination toward smart infrastructure in emerging countries, including Brazil, India, China, and Mexico are likely to boost the adoption of hand dryers.
• For instance, according to Swiss Re, a Swiss insurance company, emerging economies will invest USD 2.2 trillion in infrastructure annually over the next 20 years, amounting to 3.9% of GDP (GDP). In addition, the energy sector, particularly renewable energy, smart and resilient infrastructure, and healthcare facilities are expected to see significant investment. This will encourage the installation of smart healthcare settings in hospitals to facilitate microbial cross-contamination through air transmission to the environment or restroom visitors.
• The higher cost associated with hand dryer installation and the increase in noise pollution during installation are the major factors restraining the hand dryer market growth.
• The ongoing COVID-19 pandemic has adversely affected the supply side of hand dryers, owing to restrictions imposed by several governments across countries, such as limited transportation, lower workforce capacity, closure of commercial and industrial operations, and restricted trade/import & export in 2020 to prevent the spread of the virus, which had hindered the manufacturing of hand dryers, resulting in lower sales.
• However, when the governments lifted the lockdown restrictions across countries in 2021, numerous industrial operations, such as commercial complexes, airports, hotels, and restaurants resumed their operations, resulting in a significant increase in the use of hand dryers to maintain social distance and minimize the impact of becoming contaminated by intimate surfaces.

Key Trends by Market Segment

By Product Type: The jet hand dryers segment dominated the market for hand dryers in 2021.

• Jet hand dryers are more efficient than hot hand dryers as they consume less energy and require less drying time.
• In addition, they are being largely installed in food-processing plants, airports, hotels, restaurants, shopping malls, hospitals, and office buildings as they are more hygienic, quick and effective, economically viable, silent, and comfortable.

 

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By Mode of Operation:  The automatic segment held the largest market share of the global hand dryers market in 2021.

• The growth is mainly attributed to its energy efficiency, ease of maintenance, and cost-effectiveness.
• In addition, it also cuts down the need for the human touch to dry hands, reducing the spread of germs that could be left on the dryer, which is the major factor driving the growth of this segment.
• Furthermore, the outbreak of the COVID-19 pandemic accelerated the adoption of automatic hand dryers for contactless hand-drying experiences, which aids in the prevention of virus spread.

By End User: The hotels & restaurants segment accounted for the majority share of the global hand dryers market in 2021.

• The continuous development and improvement of infrastructure across countries have increased the number of hotels and restaurants equipped with advanced techniques and facilities, which is fueling the demand for hand dryers.
• For instance, according to The National, an Abu Dhabi-based private English-language daily newspaper, Saudi Arabia intends to construct 310,000 completed hotel rooms by 2030 as part of its plans to develop its hospitality market for domestic and international tourism, which, in turn, will raise the demand for smart hygiene solutions or services.
• Furthermore, the increase in tourism activities worldwide is one of the major factors contributing to the growth of this segment.
• For instance, according to the World Tourism Organization (UNWTO), the United Nations specialized agency responsible for the promotion of sustainable and universally accessible tourism, international tourism increased 182% year on year (Y-O-Y) in January-March 2022.

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By Geography: Europe accounts for the largest share among all regions within the total hand dryers market in 2021.

• The improved infrastructure and the presence of technologically advanced countries such as Germany, the United Kingdom, and France are primarily responsible for this growth.
• Furthermore, the expansive increase in tourist visits to European countries is one of the major contributing factors to the hand dryers market.
• For instance, according to Ashurst LLP, a UK-based law firm, Germany and the UK have the largest rate of domestic tourists as a share of total visitors in 2021, with 79.3% and 74.4%, respectively.
• The Asia Pacific region is expected to grow at the fastest CAGR during the forecasted period (2022-2028), owing to the continuous development of infrastructure in countries, including China, India, and Thailand, as well as growing awareness regarding the benefits of technologically advanced machines. Additionally, several smart city initiatives/missions supported by governments in Asian countries may increase the region's adoption of hand dryers.

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Competitive Landscape

• The Global Hand Dryers market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche technologies, such as airblade technology, high-efficiency particulate air (HEPA) filters, and motion sensors. The hand dryer market's growth is heavily reliant on detection technologies and advancements in electric appliances.
• Country-Niche players control about ~70% of the market, while regional players hold a share of ~20%. Some of the major players in the market include World Dryer, American Specialties Inc., Dyson, Mitsubishi Electric Corporation, Panasonic Holdings Corporation, Excel Dryer, Euronics Industries Pvt Ltd, Hokwang Industries Co., Ltd., Bobrick Washroom Equipment, Inc., Jaquar, Saniflow Hand Dryer Corporation, SPL NZ and among others.

Recent Developments Related to Major Players and Organizations

• In August 2022, Bobrick, a U.S.-based manufacturer of restroom accessories, and toilet partitions, launched PureDri Sanitizing Hand Dryer under its Pure Hygiene Solutions collection along with the PureSphere Air Sanitizer. In addition, the company also claimed that such products can kill 99% of bacteria, viruses, mold, and fungi in over 10 minutes.
• In July 2022, Euronics, a Netherlands-based retail company, introduced a new line of products, including hand dryers, sensor-operated bidet, sensor taps, sanitary napkin disposal, and automatic soap dispensers, with their new touchless fittings, to reduce contamination, particularly in public restrooms.
• In May 2020, World Dryer, a US-based manufacturer of hand dryers and related products, launched the enhanced version of its existing VERDEdri model. The model is 30% quieter and has three additional acoustic modes for appropriate noise reduction.

Conclusion

The global hand dryers market is forecasted to continue exponential growth after the outbreak of COVID-19 pandemic worldwide. One of the main trends driving market expansion is a shift in individual preferences toward a healthier and more hygienic lifestyle, particularly in the aftermath of the covid-19 pandemic's spread across countries. Though the market is highly competitive with around 500 participants, few country-niche players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within maximum 2 working weeks.

Ken Research has recently published report titled Global Hand Dryers Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that is segmented by Product Types, Mode of Operations, and End-User. In addition, the report also covers the market size for each of the four region hand dryers market. The revenue used to size and forecast the market for each segment is USD Million.

Market Taxonomy

By Product Type

Hot Hand Dryers

Jet Hand Dryers

By Mode of Operation

Push-Button

Automatic

By End User

Hotels & Restaurants

Airports

Shopping Malls

Hospitals

Office Buildings

Others

By Geography

North America (U.S., Canada, Mexico)

Europe (Germany, UK, France, Italy, Spain, Rest of Europe)

Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)

LAMEA (Latin America, Middle East, and Africa)

Global Dental Consumables Market is expected to reach revenue of ~ US$ 45 billion by 2028: Ken Research

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According to Ken Research Analysis, the Global Dental Consumables Market is expected to record a positive CAGR of ~ 7% during the forecast period (2022-2028) and is expected to reach ~ US$ 45 billion by 2028, owing to several factors including the increasing prevalence of dental problems or untreated tooth decay coupled with the rising geriatric population, growing demand for cosmetic dentistry, and rising dental tourism.

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Key Growth Drivers

• The rising incidence of tooth decay or dental caries, and other dental problems such as mouth sores, tooth erosion, gum diseases, and others along with increasing awareness regarding oral health among people globally are expected to drive the growth of the dental consumables market. In December 2020, according to the Centers for Disease Control and Prevention (CDC), more than one in four adults which makes 26% of the adult population in the U.S. have untreated tooth decay.
• The advancement in technologies in cosmetic dentistry is likely to create immense opportunities for the growth of the dental consumables market in the forthcoming years. In December 2021, Dentsply Sirona partnered with 3Shape to improve oral health and digital dentistry. Dentsply Sirona integrated their intraoral Primescan and Omnicam scanners with 3Shape’s lab software to improve the process of digital impression. The aim of the partnership is to make digital-impression-taking procedures easy and efficient for dental technicians.
• The limited reimbursements and high cost associated with dental procedures is the most significant barrier to the growth of the dental consumables industry globally. According to Bankers Healthcare Group survey, 72% licensed dentist stated that declining reimbursement rates is the major concern in the dental industry.
• During the COVID-19 pandemic, the disrupted supply chain has affected the production capacity, demand, and supply of dental consumables and the demand for non-essential procedures including cosmetic dentistry and other dental procedures decreased among consumers. According to National Center for Biotechnology Information (NCBI), dental offices faced significant losses of over 70% during the COVID-19 pandemic. According to British Dental Association, the studies shown that 70% of clinics are having hard time in surviving and maintaining their dental business.

Key Trends by Market Segment:-

By Treatment:  Prosthodontic segment held the largest share of the global dental consumables market in 2021, due to increasing demand for dental procedures for missing or damaged teeth coupled with a rapidly growing geriatric population who are more vulnerable to oral diseases.

• According to the American College of Prosthodontists, 120 million people have at least one missing tooth in the U.S. and 36 million Americans have no teeth at all.

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By Product Type:  Dental Implants segment held the largest share of the global dental consumables market in 2021, due to the rising demand for dental implants among the growing geriatric population coupled with the increasing number of product launches by the manufacturers to fulfill the demand of the end-user.

• In June 2021, ZimVie Inc. announced the launch of two next-generation dental solutions including T3 PRO Tapered Implant and Encode Emergence Healing Abutment in the U.S. The aim of the product launch is to expand its product portfolio as T3 PRO Tapered Implant is the new addition and is designed to optimize aesthetics and restorative care.

By Materials: The Metals segment accounted for the majority share of the global dental consumables market in 2021, due to growing demand for metals such as zirconium oxide, titanium, and others for making dental implants along with growing demand for the strong material for providing the support to the replaced tooth.

• In April 2022, Neodent, a Brazil-based dental implant company launched a new dental implant system in March named Zi, made from zirconia known for its aesthetics and strength.

By End-User: Dental Hospitals & Clinics segment accounted for the largest share in 2021 of the global dental consumables market owing to the rising cases of dental surgeries and procedures globally along with the adoption of advanced technologies by dental hospitals and clinics to offer easy and efficient services to the patients. In addition, the development of new platforms for providing a wide variety of dental consumables to hospitals, clinics, or dentists is anticipated to propel the growth of the market.

• In October 2020, Medikabazaar, India’s online platform for B2B medical equipment and supplies, announced to launch of a dental microsite. The microsite launch aims to target dentists and dental clinics and to offer dental solutions under one platform.

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By Geography: The North America region accounted for the largest share in 2021 of the global dental consumables market due to the presence of a large number of dental consumables manufacturers in the region along with the rising incidence of dental diseases among North American consumers. In addition, there are various strategic initiatives taken by the leading manufacturers to tackle the competition and prosper in the market.

• In February 2020, Seattle/King County Clinic provided free dental, vision, and medical care services in the U.S. for four days. The company collaborated with healthcare organizations, non-profits, and private businesses to offer access to healthcare.

Asia-Pacific is the fastest growing region in the global dental consumables market owing to its swiftly rising population along with an increasing number of dental disorders among people. In addition, Asia-Pacific is the hotspot for cosmetic dentistry and is attracting a large number of consumers as offers low-cost dental treatments in comparison to other developed countries. The aforementioned factor is increasing the growth of dental tourism in the region.

Competitive Landscape

The dental consumables market is highly competitive with ~400 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in dental consumables.

Large global players control over 35% of the market share in terms of market revenue share, while regional players hold the second largest share. Some of the major players in the market include Dentsply Sirona, Zimmer Biomet, 3M, Young Innovations Inc., Hu-Friedy Mfg. Co., LLC., GC Corporation, Danaher, Henry Schein, Inc., Ultradent Products Inc., Institut Straumann AG, Ivoclar Vivadent, and among others.

The leading global dental consumables companies such as Dentsply Sirona, 3M, Ivoclar Vivadent, are highly focused on providing a broad category of dental consumables products for various end-users.

Recent Developments Related to Major Players

• In February 2022, Zimmer Biomet launched OverdenSURE, a new overdenture attachment system for Zimmer Biomet dental implants in the U.S. and Europe. The portfolio offers restorative components, abutments, and tooling products.
• In February 2022, Young Innovations, Inc. announced the acquisition of Medical Purchasing Solutions (MPS), a leading supplier of surgical and pharmaceutical products. The company aimed to offer dental consumable products to fulfill the growing need for oral pain management, dental implants, and oral surgery.

Conclusion

The global dental consumables market is forecasted to continue a significant growth that is witnessed since 2017, primarily driven by the rising demand for dental consumables among dentists to diagnose, prevent, and treat any oral health issues along with the increasing incidence of tooth decay or dental caries globally. Though the market is highly competitive with over 400 participants, few global players control the dominant market share and regional players also hold a significant market share.

 Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Dental Consumables Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, market is segmented by treatment, product type, materials, and end-user. In addition, the report also covers market size and forecasts for the four region's dental consumables market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Treatment

• Orthodontic
• Endodontic
• Periodontic
• Prosthodontic

By Product Type

• Dental Implants
• Whitening Products
• Finishing & Polishing Products
• Other Dental Consumables

By Materials

• Metals
• Polymers
• Ceramics
• Biomaterials

By End-User

• Dental Hospitals & Clinics
• Dental Laboratories
• Others

By Geography

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • AustraliaRest of Asia-Pacific
• LAMEA
  • Latin America
  • The Middle East
  • Africa